- Jefferies to Acquire 50% Interest in Hildene Holding Company, Expanding Strategic Relationship that Began in 2022
- Market Sizing & Impact Study
- Monroe Capital Launches Monroe Capital Enhanced Corporate Lending Fund (MLEND)
- Bally’s Corporation Amends and Restates Its Commitment Letter to Increase Term Loan Availability to $1.1 Billion
- News Detail Share Test
TSL Express Daily Articles & News
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Jeffery Wacker Joins Webster Bank’s Asset Based Lending Division
Webster Bank today announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the entire United States market, focusing on the market for syndicated, large corporate ABL senior secured credit facilities.
TSL Express Trending Story
Featured
Interview With Holland & Knight ABL Team Members
TSL’s editor-in-chief sat down with key members of Holland & Knight’s ABL team, including Wade M. Kennedy, partner and co-lead of the Asset-Based Lending Team; Christopher S. Dillon, partner and co-lead of the Asset-Based Lending Team; Hamid Namazie, financial
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
TSL Express Daily Headlines & News
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Ladder Announces $850 Million Revolving Credit Facility to Upsize and Extend Existing Facility and Reduce Cost of Debt
January 3, 2025Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR), a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility (the “Credit Facility”) with commitments of $850 million.
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Greenberg Traurig Expands London Restructuring and Arbitration Practices with Strategic Hires
January 2, 2025Global law firm Greenberg Traurig, LLP has reinforced its commitment to growth in the London market by welcoming two lawyers, Restructuring & Insolvency Shareholder Aaron Harlow and International Arbitration Of Counsel Michael Cottrell.
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SMG Sells Seven CCM Stations, Restructures Balance Sheet
January 2, 2025In a significant restructuring of its financial landscape, Salem Media Group (SMG) has repurchased all $159.4 million of its outstanding 7.125% Senior Secured Notes due 2028 at a discounted rate, issued $40 million in convertible preferred stock, and reached an agreement to sell seven of its radio stations for $90 million.
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Huntington Business Credit closed new credit facilities with JG Kern Enterprises, Inc
January 2, 2025Huntington Business Credit closed $21,000,000 in new credit facilities with JG Kern Enterprises, Inc. on November 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Celtic Capital Corporation Announces New Client Relationship
January 2, 2025Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest company that was acquiring the assets of a long-time precision machine shop working in the aerospace, defense and theme park industries.
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Cadre Holdings Announces Expansion to Credit Facilities
December 23, 2024Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, today announced the closing of a new credit agreement that provides senior secured credit facilities of up to $590 million and matures in five years.
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Sallyport Commercial Finance Welcomes Josh Sapolich
December 23, 2024Sallyport Commercial Finance announced Josh Sapolich has joined the Sallyport sales team. With 16 years of experience in alternative finance, spanning selling and underwriting from New Jersey to Charleston and now the Houston area, Josh brings a wealth of expertise and a strong passion for building lasting relationships with customers, bankers and brokers.
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T-Max Lending LLC Successfully Finalizes $22 Million Multifamily Loan in Titusville, Crawford County, Pennsylvania
December 23, 2024T-Max Lending LLC, a prominent private direct lender within the real estate sector, is delighted to announce the successful closure of a $22 million loan agreement intended to finance a significant multifamily development project in Titusville, Crawford County, Pennsylvania.
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CPS Announces Credit Facility Capacity Increase
December 23, 2024Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank, N.A to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was announced last month. The amendment increases the capacity of this facility from $225 million to $335 million.
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Great Plains Communications Secures $500 Million in Financing
December 23, 2024Great Plains Communications (GPC), a leading Midwestern telecommunications provider, announced today the successful closing of $500 million in financing to refinance debt and fund future capital expenditures and expansion.
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The Container Store Group Files for Voluntary Bankruptcy Protection
December 23, 2024The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting debt. The 46-year-old retail chain filed for Chapter 11 bankruptcy protection late Sunday in a Texas district court. It comes just days after Big Lots and Party City announced they will be closing down for good in response to their own financial struggles.
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ATC Managers Secures $37 Million Loan for Multifamily Portfolio Acquisition
December 23, 2024ATC Managers is pleased to announce the successful closure of a $37 million acquisition loan for a multifamily portfolio located in Queens, New York, just 15–20 minutes from Manhattan by subway.
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NXT Capital Closes Senior Credit Facility in Support of L Squared Capital Partners' Acquisition of Kano Laboratories
December 23, 2024NXT Capital announced today that it closed a senior credit facility in support of Broad Sky Partners’ acquisition of Frontline Managed Services. NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.
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Sallyport Commercial Finance Delivers the Vision with a $2 Million Funding Solution
December 23, 2024Sallyport Commercial Finance is delighted to announce a $2M funding solution for a cutting-edge manufacturing and technology company utilizing AI to provide a frictionless sales environment. The funding package includes $2M in combined Accounts Receivable Finance and Purchase Order Finance.
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Big Lots Sale to Nexus Falls Apart, Plans to Close Business
December 23, 2024Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its stores in coming days to protect the value of its real estate.
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Audax Private Debt Provides Financing to Support Broad Sky Partners’ Acquisition of Frontline Managed Services
December 23, 2024Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Broad Sky Partners’ investment in Frontline Managed Services (“Frontline” or the “Company”), a provider of white glove Managed IT Services and Revenue Cycle Management solutions to over 800 law firms, including over 50% of the AM Law 200, in addition to hundreds of mid-sized legal firms.
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KKR Releases 2025 Global Macro Outlook
December 20, 2024KKR, a leading global investment firm, today released its 2025 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base
December 19, 2024Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that it recently completed an amendment to its senior secured revolving credit facility ("Credit Facility").
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CohnReznick’s Barber Recognized in D CEO’s Dallas 500 List
December 19, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Mike Barber, Office Managing Partner – Dallas, has been named to D CEO’s Dallas 500 list.
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Pathward Lends $21.6 Million to Furniture and Lifestyle Goods Manufacturer
December 19, 2024The Commercial Finance division of Pathward®, N.A., announces the closing of a $20 million asset-based revolving loan supported by accounts receivable and inventory and a $1.6 million term loan to Michigan-based company manufacturing lifestyle goods in the recreational pool and indoor/outdoor furniture segments.
The Secured Lender
SFNet's The 81st Annual Convention Issue
